Thailand accepting victim claims against OneCoin & Greenwood
Thailand’s Anti-Money Laundering Office is accepting victim claims against OneCoin and co-founder Sebastian Greenwood.
Just a note before we get into this; I have no idea about Thai law or how this claims process works.
If you want to file a claim and don’t understand something, get in touch with a Thai lawyer.
Requests for assistance on how to file a claim left in the comments will be marked as spam.
In a press-release issued on February 23rd, AMLO provides two documents for OneCoin victims.
The first is a “request for protection of rights”. The second is an announcement from the Thai government.
The announcement reveals victim claims are being sought in connection to recently seized assets belonging to Greenwood.
The press-release states that, as per Thailand’s anti-money laundering law, filling in a request for protection of rights form is the only way to proceed.
(Victims) cannot proceed to request the return of property or compensation for such damage under other laws. Any other legal actions are ineffective.
Victims are instructed to “submit a claim with evidence detailing the (financial) damage” (i.e. losses as a result of investing in OneCoin).
The request for protection of rights form asks for personal information and details of financial damages.
There is no “country” section on form, suggesting only victims residing in Thailand are able to file claims. Non-Thai citizens are required to provide an Alien Identification Card number.
The form explicitly warns victims not to claim “expected profits or rewards”.
It is unfortunately common for Ponzi investors to try to claim imaginary profits that never existed.
Actual losses are the net sum of money in and out. If an affiliate ended up pulling more out of OneCoin than they invested (including any commissions paid), they aren’t a victim.
Victims have until March 23rd to file a claim.
I don’t know if anything will come of filing a form. Apologies over the lateness of this but I only came across the claim press-release earlier today.